Answer:
true
Explanation:
Complex buying is when consumers look for details about the product.
Answer:
This is true.
Explanation:
Marketers should have a thorough knowledge of products for customers with complex buying behavior.
For February, sales revenue is $250,000; sales commissions are 6% of sales; the sales manager's salary is $50,000; advertising expenses are $15,000; shipping expenses total 1% of sales; and miscellaneous selling expenses are $1,000 plus 1/2 of 1% of sales. Total selling expenses for the month of February are:_______.
a. $65,000.
b. $69,750.
c. $82,250.
d. $84,750.
Answer:
d. $84,750.
Explanation:
Calculation to determine what Total selling expenses for the month of February are:
Sales commissions $15,000
($250,000 ×6%)
Sales manager's salary $50,000
Advertising expenses $15,000
Shipping expenses $2,500
($250,000 × 1%)
Miscellaneous selling expense $2,250
[$1,000 + ($250,000 × 0.5%)]
Total selling expenses $84,750
Therefore Total selling expenses for the month of February are:$84,750
Goods that are partially completed by a manufacturer are a.work in process inventory b.materials inventory c.merchandise inventory d.finished goods inventory
Answer:
a. work in process inventory
Explanation:
In Business, an inventory is a term used to describe a list of finished goods, goods still in the production line and raw materials that would be used for the manufacturing of more goods in a bid to meet the unending consumer demands.
Simply stated, an inventory can be classified into three (3) main categories; finished goods, work in progress, and raw materials.
An inventory is recorded as a current asset on the balance sheet because it's primarily the most important source of revenue for a business entity.
Also, the three (3) main cost concept associated with an inventory are;
1. First In First Out (FIFO).
2. Last In First Out (LIFO).
3. Weighted average cost.
Goods that are partially completed by a manufacturer are work in process (WIP) inventory.
If Company A has a lower debt ratio than Company B, then Company A is likely to have __________ than Company B.
a. a higher level of financial risk
b. a greater ability to borrow
c. more total assets
d. less financial flexibility
Answer:
b. a greater ability to borrow
A machine with a cost of $100,000 has an estimated residual value of $8,000 and an estimated life of 7 years or 21,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method
Answer:
$20,408.16
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2/7
1st year= 2/7 x 100,000 = 28,571.43
book value = 100,000 - 28,571.43 = 71,428.57
2nd year = 2/7 x 71,428.57 = $20,408.16
You are holding a stock that has a beta of 1.91 and is currently in equilibrium. The required return on the stock is 25.60%, and the return on the market portfolio is 17.10%. What would be the new required return on the stock if the return on the market increased to 21.00% while the risk-free rate and beta remained unchanged
Answer:
Hence the new required return on the stock if the return on the market increased to 21.00% while the risk-free rate and beta remained unchanged is 33.05%.
Explanation:
A company purchased property for a building site. The costs associated with the property are given below.
Purchase price = $175,000
Real estate commissions = $15,000
Legal fees = $800
Expenses of clearing the land = $2,000
Expenses to remove old building = $1,000
1. What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?
2. Prepare the journal entry to record these costs.
Answer:
1. Land $193,800
Building $0
Explanation:
1. Calculation to determine what portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building
Purchase price $175,000
Real Estate commissions $15,000
Legal fees $800
Expenses of clearing the land $2,000
Expenses to remove old building $1,000
Total $193,800
Therefore the total cost of the land is $193,800 and NO cost will be allocated to the cost of the new BUILDING
2. Preparation of the journal entry to record these costs
Dr Land A/c $193,800
Cr Cash A/c $193,800
(Being land purchased for cash and the associated expenses being recorded)
Suppose a bank has $400 million in deposits and $25 million in required reserves, and it is holding no excess reserves. What is the required reserve ratio?
Answer:
the required reserve ratio is 6.25%
Explanation:
The calculation of the required reserve ratio is given below:
Required reserve ratio is
= required reserves ÷ deposits
= $25 ÷ $400
= 0.0625
= 6.25%
Hence, the required reserve ratio is 6.25%
The same is to be relevant and considered too
How does marketing satisfy your needs as a college student? Are certain aspects of your life influenced more heavily by marketing than others? Provide examples
c) Tình hình SX của DN Y trong năm báo cáo như sau:
Chỉ tiêu Quý I Quý II Quý III Quý IV
1. GTSX(Tr.đ) 2.515 2.616 2.716 2.908
2. Số LĐ đầu quý 99 101 103 105
Được biết số LĐ cuối IV là 107 người
Yêu cầu: - Tính GTSX bình quân năm báo cáo?
- Mức NSLĐ bình quân mỗi quý của 1 lao động?
- Mức NSLĐ bình quân hàng quý của 1 lao động?
- Mức NSLĐ bình quân của cả năm của 1 lao động?
Which of the following is one of the value gaps that can undermine customer experiences and can damage relationships?
Service Quality Gaps
Psychological Gaps
Language Gaps
Physical Gaps
Operational Gaps
Transition Gaps
Answer:
Service Quality Gaps
Explanation:
Service Quality gaps is one of the value gaps that can undermine customer experiences and can damage relationships.
This is because, as a result of the quality of the service delivered or rendered, a customer's satisfaction can be gauged and depending on how satisfied the customer is, it could build or damage relationships.
The law of comparative advantage says that a person should produce a good if he or she: Group of answer choices can produce the good at the same cost as another producer can. receives the highest marginal benefit from the good. has an absolute advantage in producing the good. has the lowest opportunity cost of producing the good. has the greatest desire to consume the good.
Answer:
has the lowest opportunity cost of producing the good
Explanation:
Comparative advantage is the capability of the one party in order to manufactured the goods or services at less opportunity cost as compared to the other party. It could be used for overall nations and thier economies
So as per the given situation, the above statement represent an answer
hence, the same is to be considered
Fixed costs can be defined as costs thatGroup of answer choicesvary inversely with production.vary in proportion with production.are incurred only when production is large enough.are incurred even if nothing is produced.
Answer: are incurred even if nothing is produced.
Explanation:
Fixed costs are referred to as the cost that doesn't vary with the production level. Even if the company doesn't produce anything, the fixed cost will still be incurred.
The fixed cost is different from the variable cost which is the cost that varies along with production. Examples of fixed cost include salaries, rental lease payments, salaries, etc.
The benefit the goverment receives from tax can be measured by
Answer:
the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.
Explanation:
The benefit that government receives from a tax is measured by a. b. c. d. the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.
The revenue or benefits received from tax by the government of a Country can be measured by using the Tax-to-GDP ratio.
The Tax-to-GDP ratio provides an in-depth knowledge of the revenues generated from tax by the nation as it relates to the economy.
This ratio helps to pinpoint the benefits from taxation with relation to the size of the nations economy. for instance, if their is higher revenue from tax, it means that the Country can spend more money healthcare, education or infrastructure.
Hence, the Tax-to-GDP ratio, measures the benefit from tax in a nation, and a higher tax revenue of a nations gross domestic product (GDP) signifies economic growth.
You can get more insight about taxes here https://brainly.com/question/15090055?referrer=searchResults
Question 4 Vered just got off the phone with an old classmate who was very excited. That classmate had purchased a business with low operating cash flow, just $1,000 last year. However, they had just made a big investment and thus depreciation would be increasing by $50,000 next year. The investment had cost $300,000. They expect to use it for five years and then sell the item for $50,000. They said that would be very helpful since the large increase in depreciation would increase cash from operations. They are thinking of taking this information to a bank for a loan, but have asked Vered to check their numbers. By how much should Vered tell them this will increase cash from operations
Answer:
Vered should tell them this will increase cash from operations by $50,000.
Explanation:
The cash account is unaffected by depreciation. This is because the depreciation reduces income but has no effect on cash, it is included as a reconciling item on the indirect cash flow statement.
Depreciation will reduce net income by $50,000 in this scenario, but depreciation of $50,000 included as a positive reconciling item will compensate for the decreased net income. As a result, cash from operations will increase by $0.
Therefore, Vered should tell them this will increase cash from operations by $50,000.
Job analysis is important to HR managers because the information gathered in job analysis is used in so many HR activities/functions. Describe how job analysis information is used in four different HR activities/functions. Illustrate by specific examples in hospitality and tourism.
Answer:
Job analysis in tourism and hospitality include planning, making and providing, lodging recreation and travel related services.
Explanation:
Job analysis is a part of the procedure to identify the contents of the job interms of the acts involved and it provides information to the organization necessary to perform these activities. Procedure involves collecting of information. Being both task and work oriented.Given the following data: Beginning raw materials inventory $30,000 Materials purchased 65,000 Ending raw materials inventory 40,000 What is the amount of raw materials used? a.$5,000 b.$55,000 c.$30,000 d.$75,000
Answer:
Option "b"$55000 is correct.
Explanation:
Below is the given values:
Starting raw material = $30000
Pruchased material = $65000
Raw material at the end = 40000
Now calculate the raw material used:
Raw material used = Starting raw material + purchases - ending raw material
Raw material used = 30000 + 65000 - 40000
Raw material used = 95000 - 4000
Raw material used = $55000
Thus option "b"$55000 is correct.
Goods in transit are included in a purchaser's inventory:____.A. If the goods are shipped FOB destination. B. When the supplier is responsible for freight charges. C. When the purchaser is responsible for paying freight charges.D. At any time during transit.E. After the half-way point between the buyer and seller.
Answer:
B. When the supplier is responsible for freight charges.
Explanation:
Goods in Transit can be regarded as merchandise as well as other types of inventory which has already shipped out of shipping dock of the seller, but it has not gotten to the receiving dock of the buyer.This concept is utilized in order to know maybe the buyer or the seller of that particular goods has taken the possession of that particular goods and to know the party that Is paying for transport. The Freight charge, can be regarded as as freight rate, and this is amount that is been paid to a carrier company so that transportation of goods to agreed location will be possible.
It should be noted that Goods in transit are included in a purchaser's inventory When the supplier is responsible for freight charges.
a.If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment
Answer: 4%
Explanation:
The natural rate of unemployment is the sum of the frictional and structural unemployment rate because these represent the unemployment that a country would still experience even if it was at full employment and the actual GDP was equal to its Potential GDP.
Natural unemployment rate = Frictional unemployment + Structural unemployment
= 2% + 2%
= 4%
In applying the lower of cost or market method to LIFO inventory valuation, market is defined as: A. Historical cost. B. Current replacement cost. C. Current sales price. D. FIFO. E. LIFO.
Answer:
b
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
Income statement dataSales 6,900Cost of goods sold 6,100Balance sheet dataInventory 680Accounts receivable 300Accounts payable 460Calculate the accounts receivable period accounts payable period, inventory period and cash conversion cycle for the above firm. Use 365 days in a year, do not round intermediate calculations. Round your answers to 1 decimal placea. accounts receivable period _____daysb. account payable period _____daysc. inventory period _____daysd. cash conversion cycle __
Answer:
a. Accounts receivables period = 365 / (Credit sales/Average accounts receivables)
Accounts receivables period = 365 / (6900/300)
Accounts receivables period = 365 / 23
Accounts receivables period = 15.9 days
b. Accounts payable period = (365/(Cost of goods sold/Accounts payable)
Accounts payable period = 365 / (6100/460)
Accounts payable period = 365 / 13.26
Accounts payable period = 27.5 days
c. Inventory period = 365 / (Cost of goods sold/Inventory)
Inventory period = 365 / (6100/680)
Inventory period = 365 / 8.97
Inventory period = 40.7 days
d. Cash conversion cycle = Accounts receivables periods + Inventory period - Accounts payable periods
Cash conversion cycle = 40.7 + 15.9 - 27.5
Cash conversion cycle = 29.1 days
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information:
Beginning work in process (30% complete) 80,000
Direct materials $80,000
Conversion cost 190,000
Total cost of beginning work in process $270,000
Number of units started 152,000
Number of units completed and transferred to finished goods ?
Ending work in process (50% complete) 68,000
Current period costs
Direct materials $180,000
Conversion cost 314,000
Total current period costs $494,000
Required:
a. Reconcile the number of physical units worked on during the period.
b. Calculate the cost per equivalent unit.
Answer:
The solution to these questions can be defined as follows:
Explanation:
For point a:
[tex]Physical \ units\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Physical\ units[/tex]
[tex]Beginning\ units\ \ \ \ \ \ \ \ \ \ \ \ 80000\ \ \ \ \ \ \ \ \ \ \ \ Units\ completed \ \ \ \ \ \ \ \ \ \ \ \ 164000\\\\Units \ started\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 152000\ \ \ \ \ \ \ \ \ \ \ \ Ending\ units\ \ \ \ \ \ \ \ \ \ \ \ \ \ 68000\\\\Total\ units\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 232000\ \ \ \ \ \ \ \ \ \ \ \ Total \ units \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 232000\\\\[/tex]
For point b:
[tex]Equivalent\ units[/tex]
[tex]Physical\ units \ \ \ \ \ \ \ \ \ \ Direct \ materials\ \ \ \ \ \ \ \ \ Conversion[/tex] [tex]Units \ completed\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 164000\ \ \ \ \ \ \ \ \ \ \ \ 164000\ \ \ \ \ \ \ \ \ \ \ \ 164000 \\\\Ending \ inventory\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 68000\ \ \ \ \ \ \ \ \ \ \ \ 68000\ \ \ \ \ \ \ \ \ \ \ \ 34000\\\\Total \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 232000 \ \ \ \ \ \ \ \ \ \ \ \ 232000\ \ \ \ \ \ \ \ \ \ \ \ 198000[/tex]
What is finance? The study of a business's past financial decisions The study of how to allocate assets to maximize returns The process of communicating financial information about a business The social science that analyzes the production, distribution and consumption of goods and services
Answer: The study of how to allocate assets to maximize returns
Explanation:
Finance refers to the study of how to allocate assets to maximize returns. Finance refers to the study, management, and creation of money and investments.
Finance simply explains how economic agents such as the individual, company or government gets money and how such money is being used.
The purposeful use of symbols to allow multiple interpretations of messages is called:____.
a. strategic ambiguity.
b. crisis communication.
c. interaction management.
d. conflict management.
e. customer service management.
Answer:
a. strategic ambiguity.
Explanation:
The use of strategic ambiguity permits the views for diversify or interpretations also at the same time it promotes inclusiveness and unity
The mission and vision sttaement should be confused and normal in nature in order to provide the accomodation
So the use of symbols for permitting out the multiple interpretations of messages is known as the strategic ambiguity
Therefore the option a is correct
External costs occur because Group of answer choices Private costs do not reflect the full costs to society All costs are absorbed by the firm Firms make a choice other than the most cost-efficient production method Government failure increases costs for the firm
Answer:
Private costs do not reflect the full costs to society
Explanation:
External costs are costs incurred by third parties not involved in production or consumption activities
external cost can either be negative or positive
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced.
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced.
Marigold Industries has 8400 equivalent units of production for both materials and for conversion costs. Total manufacturing costs are $123880. Total materials costs are $97000. How much is the conversion cost per unit?a. $12.37. b. $5.10. c. $29.84.d. $17.47.
Answer:
Wow that’s a lot of numbers hold up
Explanation:
1. As more people in India have access to higher education, explain
how potential GDP and aggregate supply will change in the long
run.
Answer:
As more people in India have access to higher education, the country's economic growth potential, both in its GDP per capita and in its aggregate demand, will increase.
This is so because the higher the levels of education, the greater the added value that each person introduces into their economic production, with which the country's GDP is in turn increased.
On the other hand, this same economic growth generates a greater availability of wealth for society, with which the greater the availability of money, the greater the demand for goods and services that will be produced in that country.
At the profit-maximizing level of output, what is the relationship between the total revenue (TR) and total cost (TC) curves? A. They cannot be tangent to each other. B. They must have the same slope. C. They must intersect, with TC cutting TR from above. D. They must intersect, with TC cutting TR from below. E. They must be tangent to each other.
Answer: They must have the same slope.
Explanation:
It should be noted that at the profit-maximizing level of output, the marginal revenue will be equal to the marginal cost.
Since the slope of the total revenue is the marginal revenue while the slope of the total cost us marginal cost, then at the profit-maximizing level of output, the relationship between the total revenue (TR) and total cost (TC) curves is that they must have the same slope.
Mary incurred a $20,000 nonbusiness bad debt last year. She also had an $18,000 long-term capital gain last year. Her taxable income for last year was $25,000. During the current year, she unexpectedly collected $12,000 on the debt. How should Mary account for the collection
Answer: $12000 income.
Explanation:
It should be noted that non business bad debts are regarded as short term capital loss. In the question given, the $18000 long-term capital gain will have to be offset against the bad debt of $20000.
In this case, the tax benefit will be $18000, therefore $12000 will be recognized as the income.
Maria is 30 years old and has a nest egg of $25,000 that she worked hard to save
through her twenties. She would like to invest the money in order to have a down
payment for a home by the time she is 35.
How would you recommend Maria invest her money?
Answer:
Since Maria is 30 years old and has a nest egg of $ 25,000 that she worked hard to save through her twenties, and she would like to invest the money in order to have a down payment for a home by the time she is 35, I I would give her the following recommendation:
Given that the S&P 500 index fund has an average annual return of 10% to 15%, with positive returns almost guaranteed and considerably low risk, and that Maria has money that is not an excessively high amount and wants to allocate it For a purpose that implies the need for a certain investment security, I would recommend investing that sum in the aforementioned index fund.
What are the macroeconomic conditions affecting the IT industry? Select "yes" for those statements that are accurate and choose "no" for those that are not.
a. From a political perspective, Ricoh should be aware of regulations from ITAC (Information Technology Association of Canada) who is actively promoting and supporting the expansion of the IT services industry in Canada as this move will likely impact Ricoh in many ways.
b. From an economic perspective, Canada enjoys a strong economy with a strong GDP growth.
c. Low oil prices are causing turmoil in business investment in western Canada, leading to a negative impact for the economic component of the macro-environment.
d. A weak Canadian dollar makes the cost of importing more expensive.
Answer:
a. From a political perspective, Ricoh should be aware of regulations from ITAC (Information Technology Association of Canada) who is actively promoting and supporting the expansion of the IT services industry in Canada as this move will likely impact Ricoh in many ways. - Yes
b. From an economic perspective, Canada enjoys a strong economy with a strong GDP growth. - Yes
c. Low oil prices are causing turmoil in business investment in western Canada, leading to a negative impact for the economic component of the macro-environment. - Yes
d. A weak Canadian dollar makes the cost of importing more expensive. - No
Explanation:
The macroeconomic conditions that impact the business in terms of the economic growth rate. The use of GNP and GDP to measure the growth. The macroeconomic phenomenon estates the patterns and conditions from the large aspects of the economy.